I'm not updating anything and I'm disconnected from the market because it's absolutely boring and at the same time manipulated as I haven't seen for a long time, but what's clear is that until we close the GAP at 84.4K, we won't go down hard, then, fasten your belts until the end of the year, we'll go below 50K, whether you like it or not. $BTC
Yesterday you told me about it and I had not realized that in lower temporality, it is observed that the GAP reaches up to 83.7K, so we will go to 84-85K possibly, we will look for shorts there, no problem. $BTC
Yesterday you told me about it and I had not realized that in lower temporality, it is observed that the GAP reaches up to 83.7K, so we will go to 84-85K possibly, we will look for shorts there, no problem. $BTC
Today the GAP of 81K will be closed, it has touched it but it is not yet closed, and Coinbase closed the week in the red (more sales than purchases), we have a weekly closing of the hanging man, the logical thing is to go down soon and that this is the ceiling of this accumulation, but you never know when it is something logical in $BTC, even so, I hope we are below 50K in about 2-3 months.
Today the GAP of 81K will be closed, it has touched it but it is not yet closed, and Coinbase closed the week in the red (more sales than purchases), we have a weekly closing of the hanging man, the logical thing is to go down soon and that this is the ceiling of this accumulation, but you never know when it is something logical in $BTC, even so, I hope we are below 50K in about 2-3 months.
$BTC Order Book Sell Wall π³
Spot limit orders at 80k remains unchanged.
Whales plan to sell (480 BTC) valued at 37.78 Million if 80k is reached.
The likelihood of breaking through this range is low.
It will take A LOT of volume to break this resistance.
During bear markets, #Bitcoin has always found its bottom in the red zone of the Weekly Gaussian Channel.
Weβve also never seen fewer than three counter-trend rallies before the next bull market begins.
Soβ¦
Is this time different?
$BTC Spot Order Book Pressure
Spot OBP is highest between 79 and 80k. Indicating more interest "overall" to sell.
Please note: It will take A LOT of volume to punch through that range.
Suggesting longing the top on a weekend is a BAD idea.
This feels like a trap.
$BTC Order Books
Seeing an imbalance between Perp and Spot.
Spot selling interest remains at 80k.
Yet, Perps are lower at 79-79.25k.
This tells us derivative traders are more interested in selling at a lower price point.
Therefore reinforcing resistance in the low 79k range.
π¨ SELL IN MAY AND GO AWAY
Mid-term years have a pattern and it's not subtle.
2014: May top, -76%
2018: May top, -62%
2022: May top, -59%
Every single one. Same month, same setup, different cycle.
2026 is a mid-term year. The pattern is pointing to -60% from current levels. That's $30k.
Three cycles already confirmed it. The fourth is running right now.
Notifs ON, I will keep you updated.